 "banks")
Negative news-flow just doesn’t seem to be getting over for the Indian banking and finance sector, which is already reeling under liquidity issues triggered by crisis at IL&FS in 2018, and was followed by issues at YES Bank and the more recent turn of events at Dewan Housing Finance Company (DHFL).
A recent report by global research and brokerage house, UBS, suggests that the next level of risk could appear from leveraged corporates' inter-related companies (their network).
UBS, which expects the NPL cycle to be extended due to the emergence of new stressed accounts, studied 5,600 companies and their links
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